4 Apps You Need to Get Out of Debt
There’s an app for that! There is seriously an app for almost anything, even an app called I am Bread where you are a slice of bread and your entire mission of the game is to become toast.
Even if you are feeling the stress of ‘I have too many apps’ there are always a few that should make the cut. These apps are designed to help keep your spending in alignment with what makes you happy, pay off debt and live your #bestlife.
Here are the four apps you need in your life to keep your bank account fat and happy!
App to Budget
It’s no secret that I am a huge fan of You Need A Budget (YNAB). I have personally used this app for a few years now and it’s my lifesaver as I try to stay on budget and reach my large savings goals. Be sure when you choose an app you pick something that doesn’t just track your spending, you want to be sure it aligns with your budget and the amount of money you assign to each category within your budget.
Pro tip, some apps don’t make you pull money from other categories when you overspend. If you have a budgeting app and use it regularly, this might be why you are still feeling broke and stressed with your money.
Check out other apps that you might want to check out.
App to Track Debt
When you are getting out of debt, it’s important you have one place to track all of your individual debt balances, interest rates, payment due dates and extra payments made. Apps like Debt Payoff Planner can help you achieve debt freedom quickly as you get organized, play around with payment options and stay motivated to achieve your goals.
Here’s a full list, be sure to check each app to be sure it includes features that are important to you.
App to Split Expenses
Picture this, you're going on vacation with a friend and you're sharing a room. You pick up the room charge but your friend promises to pay for the car rental. You take turns paying for dinner but who's really keeping track, right?
Hear me when I say, you are not cheap when you keep track of expenses while you are trying to get your finances organized. Never.
Apps like Splitwise can take the guesswork out of who pays for what and who owes who. Do you have that cheap friend that always gets out of paying? Even better!
Once I introduced this app to my friends on our first trip, it became a no-brainer and I’ve used it ever since.
App to Get Paid
You’ve done the work to get your budget in order, you’re making progress on your debt and you are finally going on a trip with friends, life is great!
This sounds obvious but, have an easy way for people that owe you money to pay you. Don’t let someone else mess up the system you worked hard to build. Don’t trust they will pay you when they get cash later or they will cover your next concert ticket, you don’t have time for that and your debt is charging you interest by the day.
I use Venmo or PayPal but use what your friends use and use something that doesn’t charge you a fee, here’s a full list of options.
